Fed appoints Rajan to balance sheet panel
Analysis based on 7 articles · First reported Jul 16, 2026 · Last updated Jul 16, 2026
The appointment signals a potential shift in Fed policy approach, which could affect bond markets and interest rate expectations. Markets will watch for any recommendations on balance sheet reduction that may impact liquidity and asset prices.
The US United States — Federal Reserve, under Chairman Kevin Warsh, has appointed former State Bank of India Governor Raghuram Rajan to a task force reviewing the central bank's balance sheet policy. The panel is one of five independent task forces established to inject fresh thinking into monetary policymaking after years of elevated inflation. Rajan, known for his work on financial stability, joins Jeremy C. Stein and other experts. Senate Banking Committee Chairman Tim Scott praised the move as encouraging competing ideas. The task forces have six months to produce preliminary findings, with final recommendations by year-end. The review aims to assess the Fed's nearly $9 trillion balance sheet and its unwinding without causing market volatility.
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